Before The Election Was Over, Wall Street Won - Nomi Prins' article at ZeroHedge.
Audio file links:
http://kiwi6.com/file/tjoj63622g
http://www.sendspace.com/file/aa8muw
Sunday, November 4, 2012
The Keiser Report No. 362, "Wall St. Vomitorium" -- 2012 Nov 03 SA
This time Max and Stacy discuss how Wall Street has won big time with zero interest rate policy and that the biggest winner, JP Morgan Chase, has seen its deposits increase by 46% from 2007 (pre ZIRP) to 2012 and yet its interest expenses declined by nearly 89%. They also discuss the Vomitorium in Florida where Obama's 'historic' mortgage settlement may be used to plug government deficits or political pay rises instead of helping the 11% of mortgage holders in foreclosure. In the second half, Max Keiser talks to former Goldman Sachs banker, Nomi Prins, discuss the lost lessons of the Great Depression.
Before The Election Was Over, Wall Street Won - Nomi Prins' article at ZeroHedge.
Before The Election Was Over, Wall Street Won - Nomi Prins' article at ZeroHedge.
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